MercoPress. South Atlantic News Agency
Uruguay's fiscal deficit 'relatively' stable at 3.3% of GDP
Uruguay's fiscal deficit in the twelve months to August was equivalent to 3.3% of GDP, or 1.725bn dollars according to the latest release from the Economy and Finance ministry. However the primary deficit (before debt payments) was 202 million dollars or 0.39% of GDP. Read full article
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Disclaimer & comment rulesI wish MP would proof read articles before publishing them. It’s not ‘35’ in other currencies; it’s 3% assuming the other figures are correct.
Oct 02nd, 2014 - 12:13 pm - Link - Report abuse 0The reality of ‘No Money Pepe’s’ presidency is – WE HAVE NO MONEY!
The primary deficit is bad enough when you realise that there are at best just over 600,000 productive workers (600,000 ‘work’ for the government though this includes vital workers such as the teachers and the police) but the fiscal deficit, far from being stable, is a disgrace.
Most of this emanates from the ‘social plans’ of the Broad Fraud which gives money to the poor. These ‘poor’ never worked in school, left at age 15 before completing the required final terms and have never worked since but have always soked and drank themselves silly: now they have LED TV’s to stem the boredom of their lives – all on the taxpayers.
The monopolies are a mixed bag of utter morons (ANCAP the fuels and cement company) and how to run a business (ANTEL telecoms and internet), OSE (water and sewage) do a reasonable job and the costs are moderate but in fairness ANCAP are taxed out of sight, especially with Pepes unilateral decision of 10% rise on ALL fuels in January, the primary driver for today’s raging inflation.
I could post the breakdowns on these figures which makes for terrible reading but it would make no difference to the future of us 3,286,314 citizens: only the imminent election will do that.
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